CBSE Class 11 Accountancy Bank Reconciliation Statement MCQs Set G

Question: What will be the balance as per pass book on 31st December, 2021?
a) 6,920
b) 9,270
c) 4,570
d) 13,870
Answer: b

Question: While preparing the bank reconciliation statement, bills receivable for Rs 700 previously discounted with the bank now dishonoured, will
a) increase the credit balance of cash book.
b) decrease the credit balance of cash book.
c) will not affect the credit balance of cash book.
d) None of the options
Answer: a

Question: Difference caused due to bank charges amounting to Rs 200, is an example of
a) timing differences in recording of transactions.
b) errors made by the business.
c) errors made by the bank.
d) None of the options
Answer: a

Question: How would have Ms Mini classified the reasons for differences between cash book and bank book balances?
a) Timing differences in recording of the transactions.
b) Errors made by the business or by the bank.
c) Both Timing differences in recording of the transactions and Errors made by the business or by the bank
d) Neither Timing differences in recording of the transactions nor Errors made by the business or by the bank
Answer: c

Question: Statement that explains the causes of difference between cash-book and bank statement is called:
a) Bank statement
b) Financial statement
c) Income statement
d) Bank reconciliation statement
Answer: d

Question: A cheque of Rs 50,000 is deposited by a firm but it got dishonoured due to insufficient balance in firm’s account. What will be the reason for difference in bank balance in cash book and pass book?
a) Cheque entry in pass book but not in cash book.
b) Cheque entry in cash book but not in pass book.
c) Cheque entry in both pass book and cash book.
d) None of the options
Answer: b

Question: Cash Book of a trader shows a debit bank balance of Rs. 6400. While comparing it with Pass-Book, it was found that a cheque of Rs. 7200 issued was recorded on the debit side of Cash-Book. The Pass-Book balance at this point of time would be:
a) Nil
b) Rs. 8000 Cr.
c) Rs. 8000 Dr.
d) None of the options
Answer: d

Question: ……… is a statement which is prepared mainly to reconcile the difference between the bank balance as shown by the cash book and pass book.
a) Bank Reconciliation Statement
b) Bank Statement
c) Cash Flow Statement
d) Fund Flow Statement
Answer: a

Question: Why is a bank reconciliation statement prepared?
a) It is generally experienced that when a comparison is made between the bank balance as shown in the firm’s cash book and the bank statement, the two balances do not tally.
b) To find out the cash balance.
c) To understand short term liabilities.
d) None of the options
Answer: a

Question: ‘Debit balance as per pass book and credit balance as per cash book is a favourable balance’. You are required to Answer: on Vinni’s behalf whether the above statement is
a) True
b) False
c) Can’t say
d) Partially true
Answer: b

Question: Bank reconciliation statement is:
a) Part of Bank statement
b) Memorandum statement
c) Part of journal
d) Ledger account
Answer: b

Question: Which of the following is not a part of Double Entry System?
a) Cash-book
b) Journal
c) Trial balance
d) Bank reconciliation statement
Answer: d

Question: On 30th March, 2021, a cheque of Rs 1,570 received by her was paid into bank but the same was omitted to be entered in the cash book is an example of
a) timing differences in recording of transactions.
b) errors made by the business.
c) errors made by the bank.
d) None of the options
Answer: b

Question: What will be the balance as per cash book on 31st March, 2021?
a) 11,205
b) 15,000
c) 17,725
d) None of the options
Answer: a

Question: Which of the following is not a reason due to errors made by the business while preparing bank reconciliation statement?
a) Uncollected cheques.
b) Receipt side of Cash Book overcast
c) Cheques debited in Cash Book but not banked.
d) Bank Charges recorded twice in Cash Book.
Answer: a 

Question: ‘‘She had issued cheques amounting to Rs 8,000 out of which cheques amounting to Rs 3,200 have so far been presented for payment.’’ What will be the amount deducted from the balance of pass book to reconcile it with the balance of cash book?
a) 8,000
b) 3,200
c) 4,800
d) None of the options
Answer: c

Question: Choose an item that will increase the credit balance of Pass Book but Cash Book Balance will remain unaffected till information is not received
a) Interest allowed by Bank
b) Directly deposited by customer into Bank
c) Rent Collected by Bank on our behalf
d) All of the options.
Answer: d

Question: Bank Reconciliation statement is prepared in the books of:
a) Bank
b) Guarantor
c) Depositor/ trader
d) None of the options
Answer: c

Question: Bank reconciliation statement is prepared by:
a) Bank
b) Customer’s accountant
c) Auditors
d) None of the options
Answer: c

Question: What documents of Elegance Ltd does Vinni require for preparation of bank reconciliation statement?
a) Cash book of Elegance Ltd
b) Pass book of Elegance Ltd
c) Both Cash book of Elegance Ltd and Pass book of Elegance Ltd
d) Neither Cash book of Elegance Ltd nor Pass book of Elegance Ltd
Answer: c

Question: When Bank Reconciliation Statement is prepared with Credit balance as per Pass Book, the Balance derived will be
a) Credit Balance as per Cash Book
b) Debit Balance as per Pass Book
c) Debit Balance as per Cash Book
d) Both Credit Balance as per Cash Bookand Debit Balance as per Cash Book
Answer: d

Question: Cheques issued to creditors but not yet presented to the bank for payment amounting to Rs 72,000 will be
a) added to debit balance of cash book.
b) deducted from debit balance of cash book.
c) ignored.
d) None of the options
Answer: a

Question: How will a credit of Rs 150 for interest on current account be treated while preparing the bank reconciliation statement?
a) Added to balance of pass book
b) Deducted from balance of pass book
c) Ignored
d) None of the options
Answer: b

Question: While preparing Bank Reconciliation Statement with the Amended Cash-Book, which of the item is not recorded in amended cash-book?
a) Wrong amount entered in Cash-Book
b) Dividend collected by Bank
c) Cheques issued but not yet presented
d) Interest allowed by Bank.
Answer: c

Question: Cheques issued but not presented in the bank are called:
a) Un-presented cheques
b) Un-credited cheques
c) Un-collected cheques
d) Un-cleared cheques
Answer: a

Fill In The Blanks 

Question: Cheque issued but returned due to technical error would _________ the overdraft as per Cash Book while preparing Bank Reconciliation Statement with overdraft as per Cash Book. (increase/decrease)
Answer: decrease

Question: Amount directly deposited by customers into Bank but no information received will increase ________ book balance.
Answer: Pass book

Question: While preparing Bank Reconciliation Statement with Pass book balance, if the debit side of Cash Book is overcasted by mistake the pass book balance should be
___________.
Answer: reduced

Question: Interest allowed by Bank is recorded on the _________ side of Cash Book in Bank Colum.
Answer: debit

True /False

Question: Interest allowed by Bank is recorded on the Debit side of Cash Book in Bank Column.
Answer: True

Question: If Bank reconciliation Statement is prepared with debit balance as per cash book, the balance that we arrive at in the end will be Credit balance as per Cash book.
Answer: False

Question: Unfavourable balance as per Pass book is credit balance.
Answer: False

Question: Unfavourable balance as per Cash book is credit balance.
Answer: True

Match the following  

Question: On which side (Plus side Or minus Side) the following items will be shown while preparing bank reconciliation statement, if Debit balance as per cash book Rs is given?
1. Bank charges Rs 700 was Debited twice in the Pass book while correctly entered in cash book              a) 700 Plus side
2. Bank charges Rs 700 was Credited twice in the Pass book while correctly entered in cash book             b) 700minus side
                                                                                                                                                                        c) 2,100 Plus side
                                                                                                                                                                        d) 1400 minus side
Answer: 1-b;2-c

Question: On which side (Plus side Or minus Side) the following items will be shown while preparing bank reconciliation statement, if Debit balance as per Cash book Rs is given?
1. Cheque of Rs 350 paid into bank , but bank credited Rs 530 by mistake                        a) 880 Plus side
2. Cheque of Rs 350 paid into bank , but bank Debited Rs 530 by mistake                         b) 880 minus side
                                                                                                                                              c) 180 Plus side
                                                                                                                                              d) 180 minus side
Answer: 1-c;2-b

Question: On which side (Plus side Or minus Side) the following items will be shown while preparing bank reconciliation statement, if Debit balance as per cash book Rs is given?
1. Interest allowed by the bank Rs 1,000 entered twice on credit side of cash book                 a) 1,000 Plus side
2. Interest allowed by the bank Rs 1,000 entered twice on Debit side of cash book.                b) 1,000minus side
                                                                                                                                                   c) 3,000 plus side
                                                                                                                                                   d) 2,000 plus side
Answer: 1-a; 2-b

Question: On which side (Plus side Or minus Side) the following items will be shown while preparing bank reconciliation statement, if Debit balance as per Cash book Rs is given?
1. Receipt side of cash book was overcast by Rs 2,000.                   a) 2,000 Plus side
2. Payment side of cash book was undercast by Rs 2,000.               b) 2,000 minus side
                                                                                                            c) None of the options
Answer: 1-b;2-b